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SBA Loan requirements for small businesses

Can anyone tell me what the requirements (SBA requirements, not the lending
institution requirements)are for getting a SBA term loan or line of credit?
please note if they are different.
Also more specifically does the SBA require acknowledgement from 80%+ of the
shareholders of the business that a loan or line of credit will applied for?

rchamria | Window Shopper |
6/11/2013 - 11:49 am

JGabriel | Community Moderator |
6/4/2013 - 1:54 pm

SBA doesn&#39;t loan money directly to small business owners; instead, SBA can help facilitate a loan for you with a third party lender, guarantee a bond, or help you find venture capital. Here&#39;s what you need to know about SBA&#39;s role in the loan process.&nbsp;

Erika915 | Window Shopper |
5/30/2013 - 8:35 am

Shield Funding | Window Shopper |
7/29/2013 - 9:55 am

Show Replied Text…

I am a woman business owner I recently applied for an sba loan and was declined can anyone give me advice on how to get one?

This might not be the best thread to find a lot of answers as the question
posed is slightly unrelated, however, I will try to offer some insight. There
are countless new ways to get funding today if you are an existing business
owner. There are online platforms such as crowdfunding or peer lending that
offer business loan opportunities if you are willing to put the time in on
the network and have a good campaign (most require good credit) and some
internet posting experience. Additionally there are alternative business loan
companies that provide small business loans for women owned businesses if the
business owner does not meet traditional financing requirements. You require
a consistent revenue stream for several months to be eligible. If you take
that option be sure to see that there are no negative reviews on the lender
and that they are listed with the Better Business Bureau.

BizResearcher | Window Shopper |
6/11/2013 - 12:17 pm

Show Replied Text…

I am a woman business owner I recently applied for an sba loan and was declined can anyone give me advice on how to get one?

Did the lender tell you why you were denied? Do you need to improve your
personal credit score, prove that your business is profitable and able to
cover loan payments? Did you provide a well researched business plan? There
can be any number of reasons why your application was rejected. You need to
find out why, then work to improve those areas.